Nirav Karkera, head of research and fund manager at W by Groww, said, “SIFs are aimed at investors looking for risk-optimised investment solutions, while mutual fund-based PMS offerings appeal to those who want their core portfolio anchored in mutual funds”. He noted that, much like SIFs, the MF-based PMS space is still at an early stage and is expected to gain traction as investor awareness grows.
